Bitget Research Weekly News: The Federal Reserve pauses interest rate hikes in November, Celestia's token launch drives a rebound in the Cosmos ecosystem

In the past week (10.30-11.03), the market has seen several new trending cryptocurrencies and topics.

1. Market Trends

The main topics of interest in the market this week (10.30-11.03) are:

• Bitcoin fell below $35,000, Unibot trading has returned to normal
• The Federal Reserve paused interest rate hikes in November, Bitcoin briefly surpassed $35,000
• The Federal Reserve Chairman congratulated the 15th anniversary of the BTC white paper, Hashkey Exchange officially launched its platform token HSK
• Celestia's token launch boosted the Cosmos ecosystem rebound, while the market remained in narrow fluctuations awaiting the November FOMC meeting
• Memeland is about to launch its token to stimulate the NFT market recovery, with the market maintaining high-level fluctuations

2. Popular Projects

The hottest projects this week (10.30-11.03) include:

SATS (Token): A BRC-20 token, based on the concept of the smallest unit of Bitcoin, Satoshi, with a total supply of 21 million. Proposed by Unisat as the gas fee consumption token for BRC-20 DEX, the trading volume of SATS has increased with the official launch of Unisat's BRC-20 Swap, reaching $2.84 million in on-chain trading volume in the last 24 hours, with a price increase of 95.58% in the past 24 hours, and a market cap exceeding $100 million.

AMO (Token): Amino, a Move 2 Earn network that rewards sports, health, and fitness, is an official partner of the NFT team Washington Commanders. The Amino Move app has reached 500,000 downloads on Google Play, with high token popularity and a current market cap exceeding $100 million, and a 24-hour trading volume of $4.1 million.

RLB (Token): Recently, there has been continuous buying from smart money. According to Nansen's Smart Money 24-hour inflow tracking on the Ethereum network, RLB saw an inflow of approximately $1.41 million, with a daily trading volume of $15 million. The token has decreased by 8.24% in the last 24 hours.

BIBI (Token): A revived project on BSC; it has 27,845 holders on-chain and had some popularity in Chinese-speaking regions. The token's contract permissions have been relinquished, and the issuer is verified. It has gained traction on-chain and on social media, with daily trading volume rapidly increasing to around $12 million.

The Captainz (NFT): With Memeland's token meme completing its presale and successfully landing on Binance Launchpad, the NFTs used for locking token airdrops have been sold off by the community. As Memeland approaches its token launch, NFTs like The Captainz and The Potatoz have also seen increased trading volume due to heightened interest.

Bored Ape Yacht Club (NFT): The BAYC IP series under Yuga Labs has seen a rebound of over 30% from the bottom of its official token APECOIN, leading to an increase in NFT trading volume, which reached $4.86 million, making it the top NFT by trading volume, with some price rebound.

Coinbase (Dapp): Coinbase Advanced users in the U.S. can now access regulated cryptocurrency futures contracts. Coinbase reported Q3 revenue of $674.1 million, a 4.7% decrease quarter-over-quarter but a 14.2% increase year-over-year, with a net loss of $2 million compared to a loss of $545 million in the same period last year. Additionally, trading volume declined again, from $159 billion in the same period last year to $76 billion, indicating Coinbase's adjustments to its current profit model and exploration of new business opportunities.

Maestro (Dapp): Maestro, a well-known on-chain bot, is favored by the crypto community. Recently, the well-known bot project Unibot was attacked due to some routing issues that caused users to lose funds, but this has not diminished the crypto community's usage of bots, and Maestro remains in the top three for interactions.

Uniswap (Dapp): DEX governance tokens have seen a broad rally, with UNI experiencing a 20%+ increase in the past 24 hours. Due to the recent sale of tokens by the foundation, its price is relatively weak compared to the overall market, but with SUSHI leading the rise yesterday, UNI's price has seen some breakthroughs.

3. Hot Searches

The hottest topics this week (10.30-11.03) include:

Safemoon (Token): The SEC recently charged BNB Chain ecosystem DeFi protocol SafeMoon LLC and its founders Kyle Nagy, SafeMoon US LLC, CEO John Karony, and CTO Thomas Smith with running a large-scale fraudulent scheme through the unregistered crypto asset SafeMoon. Two SafeMoon executives have been arrested, while Nagy remains at large.

ARB (Token): Recently, there have been significant whale purchases of ARB tokens. A whale spent 843 ETH ($1.5 million) to buy 1.61 million ARB at an average price of $0.95. Arbitrum ecosystem projects rely on ARB tokens for project operations, such as Radiant conducting ARB airdrop activities to incentivize users to stake dLP on the ETH mainnet and Arbitrum chain.

JUNO (Token): The launch of Celestia's mainnet and token has boosted the Cosmos ecosystem. Juno is a Web3 incubation network where applications can be built and used, benefiting from Celestia's positive impact on the Cosmos ecosystem.

Bitget Research Institute focuses on "focusing on on-chain data and uncovering valuable assets," providing institutional-level insights for crypto enthusiasts by monitoring on-chain data and regional hot searches in real-time. To date, it has provided Bitget global users with early valuable assets in several popular sectors, such as "Arbitrum ecosystem," "AI ecosystem," and "SHIB ecosystem," creating a better wealth effect for Bitget global users through data-driven in-depth research.